"Through the collaboration, NAMB members will gain enhanced access to Chenoa Fund programs, tools and training aimed at expanding affordable homeownership opportunities across the country."
"The Chenoa Fund program is administered by CBC Mortgage Agency and provides down payment assistance in the form of repayable and forgivable second mortgages for qualified borrowers."
"By working together, we can better support brokers, strengthen advocacy and education, and create real, measurable value for both organizations while helping more families and communities thrive."
"This partnership equips our members with innovative tools and training that will help them better serve first-time and underserved homebuyers, while reinforcing our commitment."
NAMB has partnered with the Chenoa Fund to assist mortgage brokers in serving first-time and underserved homebuyers facing upfront costs. This collaboration provides NAMB members with access to Chenoa Fund programs, tools, and training aimed at promoting affordable homeownership. The Chenoa Fund offers down payment assistance through repayable and forgivable second mortgages. The partnership includes educational initiatives and webinars to help brokers understand program guidelines and best practices for structuring loans with down payment assistance, ultimately supporting more families in achieving homeownership.
Read at www.housingwire.com
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